Regulators have pushed forward with their global project of extending conduct controls into new territories. They have been putting their new tool, culture audit, into practice. Regulators, such as the FCA in the UK and The Dutch central bank, De Nederlandsche Bank have culture programmes in full swing. The Covid pandemic has had a significant impact on how financial firms behave and this has led to a number of considerations from regulators, such as the levels of stress workers have experienced and the new economic landscape.
Key learning objectives:
Identify the conduct and culture themes within financial firms that regulators focus on
Understand how the regulators assess whether a firm is ‘purposeful’
What is Culture and why is Culture Change Important?
Roger Noon • 12:30